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NBC spent billions on the rights to broadcast the Olympics through 2032. Was this a smart move? Find out later in the email. |
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💵 Today’s Top Stories |
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| | Fidelity is a giant in the investing world. But is it a good place for your money? Here’s what Clark loves about this discount broker. Read more. |
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📣 Today’s Top News |
US Mobile Launches Dark Star Network (AT&T) & New Line Offers PRICE HIKE: Disney+, Hulu and ESPN+ Subscriptions Will Cost More in 2024 |
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🏅Olympics, New NBA Rights Package Boost NBC’s Ad Revenue, Streaming Hopes |
NBC paid $7.75 billion for the rights to broadcast the Olympics (summer and winter) through 2032. |
The move didn’t seem like a layup considering delayed Tokyo 2021 Summer Olympics did not go especially well (low ratings, a challenging time difference for U.S. viewers, criticism with NBC’s streaming performance via Peacock, no fans due to COVID-19). |
But the early returns on this year’s Paris Olympics seem glowing. |
NBCUniversal says it will surpass $1.25 billion in ad revenue, setting a new record for the company that has held the Summer Olympics broadcast rights since 1988. |
NBC touted a total audience of 41.5 million across NBC, Peacock and other company platforms on the first Sunday of the Olympic games according to Nielsen and Adobe Analytics. |
Peacock lost $348 million in Q2, a marked improvement. That’s still a ton of money to lose every three months. The platform also lost about $2.8 billion in 2023. |
But in addition to the Olympics, NBC reportedly will pay $2.5 billion per year for its first NBA broadcast rights package since 2002. |
Netflix and YouTube remain as streaming royalty. But it’s clear that, especially from a sports standpoint, NBC plans to be a major player. |
It will be interesting to see how close NBC can get Peacock to profitability in the next several quarters. |
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💸 Today’s Top Savings Rates |
Check out our updated list of Clark.com-approved high-yield savings accounts with the highest rates. Here are the top five APYs on our list as of August 7, 2024. |
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See All Rates | High Yield Savings Accounts Calculator |
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📊 Stat of the Day |
🦴 $44.6 million: The cost of “Apex,” a 150 million-year-old, nearly-complete Stegosaurus skeleton. Bought by hedge fund billionaire Kenneth Griffin, the founder and CEO of Citadel, it’s the highest price ever paid for a fossil at auction. |
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💰️ Deal Alert: Today’s Top Deals |
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🎙️ Podcast |
| Full Show: Average 401(k) Balance by Age and Crucial Tax Advice for Your Side Hustle |
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A recent survey by Fidelity showed the average 401(k) balance by age. One generation is lagging behind. Clark explains why Gen X is saving less for retirement – and what they can do to catch up. Also, Clark predicts that more people will start working side hustles because of the slowing economy. If you or someone you know is a 1099 worker, Clark has important tax advice you really need to know. |
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☎️ Need Money Help? |
The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information. |
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